Oman Cables Industry SAOG
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Social Ambition
- Innovation
Environmental Achievements
- Reduced carbon emissions in operations through energy efficiency projects
- Recycled and reused 100+ metric tons of PVC
- Implemented 7 energy efficiency projects
Social Achievements
- Launched Global Sustainability Academy involving 30,000 Prysmian Group employees
- Launched SHE STEMS program to empower Omani women in STEM
- Launched Kids in STEM initiative
Governance Achievements
- Established a robust Sustainability Organization Structure
- Implemented Enterprise Risk Management (ERM) model
- Voluntarily disclosed results of the MSX ESG Disclosures 2023
Climate Goals & Targets
Long-term Goals:
- Reduce GHG emissions (Scope 1 & 2) by 90% from 2019 baseline by 2050; Reduce Scope 3 GHG emissions by 90% by 2050 (Net-Zero)
Medium-term Goals:
- Reduce Scope 3 GHG emissions by 28% by 2035
Short-term Goals:
- Reduce GHG emissions (Scope 1 & 2) by 90% from 2019 baseline by 2035
Environmental Challenges
- Increasing circularity
- Supporting communities
- Strengthening stakeholder engagement
Mitigation Strategies
- Developed rigorous internal procedures for raw material management and waste management
- Launched various community investment initiatives
- Launched stakeholder engagement surveys and materiality assessment
Supply Chain Management
Responsible Procurement
- Green purchasing
- Use of recycled materials
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, UN SDGs, GCC Guidance for Listed Companies
Sustainable Products & Innovation
- Cables using recycled copper and biodegradable insulation
- Cables with higher resistance to heat and corrosion
- CPR certified cables
- OCIFLAM-X fire alarm cable
- AIRBAG™ alternative to metallic armour
- AIRBAG™ SUPERDRY for coastal areas
- DRYLAM™ alternative to lead sheathed cables
- PRYSUN photovoltaic cable